Raymond James Financial reiterated their hold rating on shares of Model N (NYSE:MODN) in a report published on Monday.

MODN has been the subject of several other research reports. Zacks Investment Research upgraded shares of Model N from a hold rating to a buy rating and set a $16.00 price objective for the company in a research note on Monday, November 13th. BidaskClub lowered shares of Model N from a strong-buy rating to a buy rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $14.75.

Model N (NYSE:MODN) opened at $15.95 on Monday. Model N has a 1 year low of $7.90 and a 1 year high of $16.75. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13.

Model N (NYSE:MODN) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The business had revenue of $35.61 million for the quarter, compared to analysts’ expectations of $34.86 million. During the same quarter last year, the firm earned ($0.28) EPS. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. analysts forecast that Model N will post -0.64 EPS for the current year.

In other news, Director Alan S. Henricks sold 4,730 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $14.59, for a total transaction of $69,010.70. Following the completion of the sale, the director now owns 40,134 shares in the company, valued at approximately $585,555.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan S. Henricks sold 13,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.50, for a total transaction of $195,387.50. Following the sale, the director now owns 40,134 shares of the company’s stock, valued at approximately $581,943. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,801 shares of company stock valued at $317,080. 20.40% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Prudential Financial Inc. purchased a new stake in shares of Model N during the 2nd quarter worth approximately $141,000. Trexquant Investment LP purchased a new position in Model N in the 3rd quarter valued at approximately $154,000. Metropolitan Life Insurance Co. NY purchased a new position in Model N in the 1st quarter valued at approximately $175,000. Voya Investment Management LLC grew its stake in Model N by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock valued at $199,000 after buying an additional 1,915 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Model N in the 2nd quarter valued at approximately $221,000. Institutional investors own 65.77% of the company’s stock.

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Model N Company Profile

Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.

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